Property profile

501 Toronto Rd Springfield, IL 62711

OFF-MARKET
Land
Property ID
US28-2853196
5.2 ac lot
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Property summary

AI-generated overview

This exceptional 5.2-acre commercial land parcel presents a remarkable investment opportunity in Springfield, Illinois. Strategically located at the high-traffic interchange of I-55 and Toronto Road (501 Toronto Rd, Springfield, IL 62711), this property boasts unparalleled visibility and accessibility. The B-1 zoning permits a wide range of commercial developments, capitalizing on the significant daily traffic volume of I-55, averaging 54,400 vehicles. Utilities are conveniently located on-site, simplifying development plans and reducing upfront costs. The land is priced at $949,000, translating to a land value of $4.19 per square foot. This represents a compelling opportunity to acquire a substantial tract of ready-to-develop land in a prime commercial location with high visibility and significant traffic counts, making it ideal for a variety of commercial ventures. The property's location at the intersection of I-55 and Toronto Road ensures maximum exposure to a large and diverse customer base. This is a rare chance to secure a highly desirable commercial property in a thriving area. Don't miss this chance to build your business in a high-traffic, high-visibility location.

Property profile

Verified
Property type Land
Lot 5.2 ac (226,512 SF)
UPID US28-2853196

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

501 Toronto Rd Springfield, IL 62711
Springfield metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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